(Closed) Well, we decided to get a loan for the wedding

posted 7 years ago in Money
Post # 3
Member
518 posts
Busy bee
  • Wedding: July 2011

I thought about it, but decided not to.  We have been saving and we will somehow make it happen.  Go for it, as long as it won’t hurt you in the long run and you have a way to pay it off without any interest.

Post # 4
Member
10288 posts
Sugar Beekeeper
  • Wedding: October 2011

I’m normally against wedding loans but if thats your only option then do whatcha gotta do. 

Post # 5
Member
7771 posts
Bumble Beekeeper
  • Wedding: July 2010

It truly is amazing how fast the expenses add up and fly away, isn’t it?  It sounds like you have given it a lot of thought, and I know how you feel.  I probably would have had to do the same thing.  (Had we had our larger wedding- we eloped in the end.)  Everything is so expensive.

Post # 7
Member
435 posts
Helper bee
  • Wedding: December 2010

We had a hard time getting concrete numbers from parents as well- a small loan won’t hurt you in the long run.  You sound sensible about your spending so I wouldn’t sweat it too much!

Post # 8
Member
27 posts
Newbee
  • Wedding: April 2011

did u open a new credit card? what type of loan ? just curios  saved over 20k plus cash im getting tireeed lol

Post # 10
Member
123 posts
Blushing bee
  • Wedding: June 2011

@abbyful: 

I am in finance… Let me offer you a few suggestions.  I did a small 2000.00 loan for someone just last weeks that was not secured but had excellent credit and he still ended up paying 17%.  I HIGHLY suggest securing it with something like a car that is paid off, then you could get a rate that is as low as 4%. 

Unsecured loans are great but because there is nothing for collateral rates are much much much higher.

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